DATA: Crypto funds saw net inflows of $2.2 billion last week, perhaps driven by expectations of Trump's inauguration, with record levels of custody
On January 20, Theblock reported that global crypto funds managed by BlackRock, Bitwise, Fidelity, and Shades of Gray recorded net inflows of $2.2 billion last week, the largest single-week inflows so far this year, according to a new report from asset management firm CoinShares, which said the funds were boosted by the “Trump inauguration anticipation” and the positive trend in cryptocurrency prices. This pushed crypto fund assets under management (AUM) to a record high of $171 billion.
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